Report: Next Xbox Arriving Holiday 2013

According to unnamed sources speaking to Bloomberg, Microsoft is set to launch its successor to the Xbox 360 in time for the holidays next year. The report states Microsoft is still undecided about whether or not the company will unveil the console at E3 or a separate, dedicated event.

Microsoft has declined to comment on the report.

Previous rumors suggested the codename of the console is "Durango" and will likely ship with the next-generation Kinect camera. Other rumors say the console may tie your game purchases to your Xbox Live account, effectively locking out used games.